Borouge earnings drop as revenue falls 3% in 2025

Abu Dhabi petrochemical company Borouge said its net profit fell in 2025, as revenues declined amid a drop in average selling prices. 

Net earnings sank 11 percent to $1.1 billion, from $1.2 billion in 2024. Revenue slipped 3 percent to $5.8 billion, a statement from the company said. 

Average selling prices were 5 percent lower annually, with polyethylene and polypropylene, its primary products, down 4 percent and 6 percent respectively. 

Net earnings for the fourth quarter of 2025 remained stable year on year at $330 million, as revenue climbed 3 percent annually to $1.7 billion.

Borouge’s full-year production reached 5.1 million tonnes, exceeding nameplate capacity, as it executed the “largest turnaround in the company’s history in the second quarter”.

The company reaffirmed its intention to pay a 2025 dividend of 16.2 fils per share, with the second-half distribution expected in April 2026, subject to shareholder approval. 

Borouge Group International (BGI), the merged entity of Borealis and Borouge, is expected to retain dividend payments to at least 2030.

In March, Abu Dhabi National Oil Company (Adnoc) and Austrian energy group OMV agreed to merge their polyolefin operations to form BGI, a $60 billion joint venture.

Borouge’s shares closed at AED2.61 on Tuesday, down nearly 1 percent since the start of the year.

Adnoc owns 54 percent of the company, while Borealis Middle East Holding GmbH has a 36 percent stake.

Further reading:

• Borouge profit down as revenue dives on lower sale prices
• Saudi petchem stock-price lows to persist, experts say
• Global slowdown offers way out for Gulf petrochemicals